SREI Asset Management Company

Chief Marketing Officer

AMC

President and Country Head, UTI

Asset Management Company

Mohit Sachdev, country head and president, UTI AMC, said, "UTI Mutual Fund offers an opportunity to investors to diversify their portfolio by investing in a new asset class viz. gold without the hassles of handling the physical asset.

The units allotted will be credited to the investors demat account," said Mohit Sachdev, country head and president, UTI Asset Management Company.

The entry load as a percentage of net asset value (NAV) is 2.5 per cent for investment upto Rs50 lakh; 1.5 per cent for investment between Rs50 lakh and Rs2 crore; 0.75 per cent for Rs2 crore and Rs 5 crore.For investments over Rs5 crore there is no entry load.

According to Sachdev, investing in UTI gold fund has several advantages over buying gold from the banks and jewellers.

Though the process to launch the fund is on, we have not yet filed the details with Securities and Exchange Board of India (Sebi) for approval," said Mohit Sachdev, country head, institutional sales and distribution channels, UTI Asset Management Company.

Mr. Mohit Sachdev has joined DBS Cholamandalam AMC as Chief Marketing Officer.Mr. Mohit Sachdev earlier worked with UTI as President looking after Institutional Business.In his nineteen years of experience in financial services, he has dealt closely with changing debt and equity markets, using his knowledge of markets to guide customers on the right approach to their investments.He is 42 years old, is a B.Tech from IIT Delhi and PGDBM from IIM Bangalore.Commenting on his appointment he said, I am very excited by this opportunity to be part of the leadership team that will take DBS Chola Mutual Fund to a higher level.